Have you had enough of paying out the nose to keep your car insured? You’re in the same situation as most other drivers. Multiple insurance companies compete for your hard-earned dollar, and it can be difficult to compare rates and uncover the absolute best rates possible.
Lots of factors are part of the equation when quoting car insurance. A few of the factors are predictable such as your driving record, although some other factors are not quite as obvious like your vehicle usage or how financially stable you are.
Getting a more affordable price on 2017 Cadillac ATS insurance can be surprisingly simple. You just need to invest a few minutes to compare rate quotes to see which company has the cheapest auto insurance quotes. This can easily be done by using one of the methods below.
One of the simplest ways to get quotes is an all-inclusive rate comparison like this one (opens in new window). This style of form saves time by eliminating a different quote for each company. Just one form will get you price quotes from multiple low-cost companies.
A less efficient way to shop for car insurance online consists of visiting each individual company website and repeat the quote process. For sake of this example, let’s assume you want rates from Auto-Owners, Esurance and Progressive. You would be required to take the time to go to each site to input your insurance information, which is why the first method is quicker.
For a handy list of car insurance company links in your area, click here.
The least efficient method to get price estimates is driving around to local insurance agencies. Quoting online reduces the need to sit down with an agent unless your situation requires the personal advice only provided by licensed agents. You can, however, get the lowest quotes online but still have the advice of a local agent.
Compare rates however you want, just ensure you’re using nearly identical coverage data for each quote you get. If you are comparing different liability limits you can’t possibly make a fair rate comparison.
Drivers can’t avoid all the ads that claim the cheapest prices by companies like State Farm, Allstate and GEICO. They all tend to make the same promise about how much you will save just by switching your insurance coverage coverage to their company.
How can each company offer drivers better rates?
Insurance providers have underwriting criteria for the type of driver that makes them money. A good example of a driver they prefer could possibly be between the ages of 30 and 50, has never had a claim, and has a high credit rating. A propective insured who matches that profile will probably get the lowest car insurance rates and have a good chance to cut their rates if they switch.
Potential insureds who are not a match for these criteria must pay more expensive rates with the end result being the prospect going elsewhere. The wording the ads use say “people who switch” but not “everyone who gets a quote” save that much. This is how companies can truthfully lure you into getting a quote. This emphasizes why you should compare rate quotes every year. It’s just too difficult to predict which company will have the best prices for your profile.
Some insurers do not list every possible discount very well, so the list below gives a summary of some of the best known and also the more inconspicuous credits that you can use to lower your rates.
Discounts lower rates, but many deductions do not apply to the entire cost. Some only apply to individual premiums such as liability and collision coverage. So even though you would think having all the discounts means you get insurance for free, you won’t be that lucky.
Insurance companies that may offer policyholders some of the discounts shown above include:
When quoting, ask each insurance company which discounts you qualify for. A few discounts might not be available to policyholders in every state. To find insurers with discount rates, follow this link.
When it comes to buying the right insurance coverage for your personal vehicles, there really is not a single plan that fits everyone. Your needs are not the same as everyone else’s so your insurance needs to address that. For example, these questions may help highlight if your insurance needs could use an agent’s help.
If you can’t answer these questions, you might consider talking to a licensed insurance agent. If you want to speak to an agent in your area, complete this form or you can go here for a list of companies in your area. It is quick, free and can provide invaluable advice.
Having a good grasp of your policy helps when choosing the best coverages at the best deductibles and correct limits. Insurance terms can be confusing and reading a policy is terribly boring. These are the usual coverages found on most insurance policies.
Comprehensive auto coverage – Comprehensive insurance coverage covers damage from a wide range of events other than collision. You first must pay your deductible and the remainder of the damage will be paid by comprehensive coverage.
Comprehensive can pay for claims like hitting a deer, rock chips in glass, damage from a tornado or hurricane, hail damage and theft. The most a insurance company will pay at claim time is the actual cash value, so if the vehicle’s value is low it’s probably time to drop comprehensive insurance.
UM/UIM (Uninsured/Underinsured Motorist) coverage – This coverage gives you protection from other drivers when they do not carry enough liability coverage. Covered claims include medical payments for you and your occupants and also any damage incurred to your Cadillac ATS.
Since many drivers only purchase the least amount of liability that is required, it only takes a small accident to exceed their coverage. So UM/UIM coverage is very important.
Collision coverage – Collision insurance will pay to fix damage to your ATS caused by collision with another vehicle or an object, but not an animal. You will need to pay your deductible then your collision coverage will kick in.
Collision coverage protects against claims such as crashing into a ditch, hitting a mailbox and colliding with a tree. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from older vehicles. Drivers also have the option to bump up the deductible in order to get cheaper collision rates.
Liability coverages – This coverage protects you from damage or injury you incur to people or other property that is your fault. It protects you against claims from other people. It does not cover damage sustained by your vehicle in an accident.
It consists of three limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. As an example, you may have policy limits of 100/300/100 which stand for a $100,000 limit per person for injuries, $300,000 for the entire accident, and property damage coverage for $100,000.
Liability coverage protects against claims like medical services, emergency aid, loss of income and attorney fees. The amount of liability coverage you purchase is a decision to put some thought into, but you should buy as high a limit as you can afford.
Medical payments and PIP coverage – Coverage for medical payments and/or PIP reimburse you for immediate expenses like ambulance fees, doctor visits, surgery and dental work. They are used to fill the gap from your health insurance policy or if you do not have health coverage. Medical payments and PIP cover both the driver and occupants and also covers if you are hit as a while walking down the street. PIP is not universally available but can be used in place of medical payments coverage
You just learned some good ideas how you can shop for 2017 Cadillac ATS insurance online. It’s most important to understand that the more you quote auto insurance, the more likely it is that you will get a better rate. You may even discover the best prices are with a small local company. These companies often have lower rates on specific markets than the large multi-state companies such as GEICO and State Farm.
When trying to cut insurance costs, you should never reduce needed coverages to save money. In too many instances, an insured dropped liability coverage limits only to regret that a couple dollars of savings turned into a financial nightmare. The ultimate goal is to find the BEST coverage at the best possible price, not the least amount of coverage.
Additional detailed information can be found in the articles below: